Global Glass Fiber Reinforced Plastic Piping System Market Overview
The Glass Fiber Reinforced Plastic Piping System Market Size was estimated at 13.13 (USD Billion) in 2022. The Glass Fiber Reinforced Plastic Piping System Industry is expected to grow from 13.84(USD Billion) in 2023 to 22.3 (USD Billion) by 2032. The Glass Fiber Reinforced Plastic Piping System Market CAGR (growth rate) is expected to be around 5.44% during the forecast period (2024 - 2032).
Key Glass Fiber Reinforced Plastic Piping System Market Trends Highlighted
Market Trends:
Recent trends that can be observed in the Glass Fiber Reinforced Plastic (GFRP) Piping System Market include:
Need for Corrosion Resistance: This glass fiber reinforced polymer material has excellent wear and tear properties and is therefore used extensively in chemical and offshore applications.
Increasing Use in Infrastructure Development: Due to the light weight, strong and easy to fit nature of GFRP pipes, their usage in infrastructure projects is on the rise.
New Developments: Development of new technologies and resin based products have improved the properties and reduced the cost of GFRP pipes in the market.
Focus on Sustainability: GFRP is not only lightweight but can be recycled, which gives it an edge over the other conventional piping systems.
Diversification of the GFRP Market: Efforts to make the GFRP pipes more versatile are leading to new applications in wastewater treatment, mining and water management among others.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Glass Fiber Reinforced Plastic Piping System Market Drivers
Increasing Demand for Lightweight and Durable Piping Systems
The continuous development of piping systems in the Glass Fiber Reinforced Plastic Piping System is as a result of the increased demand for lightweight and strong piping systems in different sectors. Glass fiber reinforced plastic piping systems do not corrode as compared to their concrete and metal contemporaries. GFRP pipes are stronger and lighter in weight when compared with concrete and metal made piping systems. Additionally, they can be easily installed in any terrain whereas transporting and laying other pipes may be quite challenging.
Consequently, GFRP piping systems are being integrated in new developments and the maintenance of aging infrastructure thereby promoting demand in the market.
Growing Adoption in Renewable Energy Applications
The increasing adoption of renewable energy sources, such as solar and wind power, is also driving the growth of the Glass Fiber Reinforced Plastic Piping System Market Industry. GFRP pipes are well-suited for use in these applications due to their ability to withstand harsh environmental conditions and their non-conductive properties. As the demand for renewable energy continues to grow, so will the demand for GFRP pipes in these applications.
Government Regulations and Standards
The Glass Fiber Reinforced Plastic Piping System Market Industry is mainly driven by the government regulations and standards concerning environmental protection and infrastructure development. Many countries require using the type of piping that is close to nature; nevertheless, it should have the properties such as corrosion-resistant and durable. GFRP pipes meet all these requirements, and thus, they are expected to drive the demand from the market in the near future.
Glass Fiber Reinforced Plastic Piping System Market Segment Insights
Glass Fiber Reinforced Plastic Piping System Market Size Insights
The market growth is primarily attributed to the increasing demand for lightweight and corrosion-resistant piping systems in various industries. Size Segmentation Analysis The market size is segmented into DN 25 mm – DN 50 mm, DN 50 mm – DN 100 mm, DN 100 mm – DN 150 mm, DN 150 mm- DN 200 mm, DN 200 mm – DN 400 mm, DN 400 mm – DN 800 mm, and DN 800 mm – DN 1200 mm. Among these segments, the DN 25 mm – DN 50 mm segment accounted for the highest revenue share in 2023. The growth of the DN 25 mm – DN 50 mm segment can be attributed to the increasing demand for small-diameter pipes in residential and commercial buildings.
. The DN 50 mm – DN 100 mm segment is projected to grow at the highest CAGR during the forecast period. The growth of the DN 50 mm – DN 100 mm segment is attributed to the increasing demand for medium-diameter pipes in industrial applications, such as chemical processing and power generation. . The DN 100 mm – DN 150 mm segment is expected to hold a significant share of the market throughout the forecast period. The growth of the DN 100 mm – DN 150 mm segment is attributed to the increasing adoption of large-diameter pipes in water and wastewater treatment plants.
. The DN 150 mm – DN 200 mm segment is projected to grow at a steady rate during the forecast period. The growth of the DN 150 mm – DN 200 mm segment is attributed to the increasing demand for pipes in the oil and gas industry. . The DN 200 mm – DN 400 mm segment is expected to grow at a moderate rate during the forecast period. The growth of the DN 200 mm – DN 400 mm segment is attributed to the increasing demand for pipes in the mining and construction industry. . The DN 400 mm – DN 800 mm segment is projected to grow at a slow rate during the forecast period.
The growth of the DN 400 mm – DN 800 mm segment is attributed to the declining demand for pipes in the power generation industry. . The DN 800 mm – DN 1200 mm segment is expected to witness a decrease in revenue share during the forecast period. The decreasing demand for large-diameter pipes in the chemical processing industry is expected to drive the growth of the DN 800 mm – DN 1200 mm segment at a lower rate.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Glass Fiber Reinforced Plastic Piping System Market Type Insights
The Glass Fiber Reinforced Plastic Piping System Market is segmented by Type into Flanges Type, Socket Type, and Threaded Type. Among these, the Flanges Type segment is expected to hold the largest market share in the coming years, owing to its superior mechanical strength and durability. The Socket Type segment is also expected to witness significant growth due to its cost-effectiveness and ease of installation. The increasing demand for lightweight and corrosion-resistant piping systems in various industries is driving the growth of the Glass Fiber Reinforced Plastic Piping System Market.
The Glass Fiber Reinforced Plastic Piping System Market is expected to reach a valuation of USD 22.3 billion by 2032, exhibiting a CAGR of 5.44% during the forecast period.
Glass Fiber Reinforced Plastic Piping System Market Application Insights
The Glass Fiber Reinforced Plastic Piping System Market segmentation by Application includes Industrial, Infrastructure, Municipal, Oil and Gas, Power Generation, and Transportation. Among these segments, Industrial segment held the largest market share and is expected to continue its dominance throughout the forecast period. The growth of industrial sector across the globe, particularly in developing economies, is driving the demand for Glass Fiber Reinforced Plastic Piping Systems in end-use industries such as chemical processing, automotive, and manufacturing.
Municipal and Infrastructure segments are expected to witness significant growth over the forecast period, driven by the increasing urbanization and rising demand for reliable and efficient water and wastewater management systems. The Oil and Gas segment is also expected to contribute significantly to the market growth, owing to the increasing exploration and production activities in both conventional and unconventional oil and gas fields.
Glass Fiber Reinforced Plastic Piping System Market Composition Insights
The Glass Fiber Reinforced Plastic Piping System Market is segmented by composition into Glass Fiber Reinforced Polyester (GFRP), Glass Fiber Reinforced Epoxy (GFRE), Glass Fiber Reinforced Vinyl Ester (GFRVE), and Hybrid Glass Fiber Reinforced Plastic. Among these, GFRP is expected to hold the largest market share in 2023 due to its high strength-to-weight ratio, corrosion resistance, and low cost. The Glass Fiber Reinforced Plastic Piping System Market revenue for GFRP is projected to reach USD 7.5 billion by 2024, growing at a CAGR of 5.6%.
The demand for GFRP is driven by its increasing use in the construction, automotive, and marine industries. The Glass Fiber Reinforced Plastic Piping System Market segmentation data indicates that GFRE and GFRVE are also gaining popularity due to their superior chemical resistance and high-temperature performance. The market for Hybrid Glass Fiber Reinforced Plastic is expected to grow at the fastest rate during the forecast period due to its unique combination of properties, including high strength, lightweight, and corrosion resistance.
Glass Fiber Reinforced Plastic Piping System Market Regional Insights
The Glass Fiber Reinforced Plastic Piping System Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest share of the market in 2023, owing to the presence of a large number of chemical and petrochemical industries in the region. Europe is expected to be the second-largest market, followed by APAC. The growth of the market is attributed to the increasing demand for glass fiber reinforced plastic piping systems in various industries, including chemical processing, water treatment, and oil and gas.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Glass Fiber Reinforced Plastic Piping System Market Key Players And Competitive Insights:
Major players in Glass Fiber Reinforced Plastic Piping System Market industry are focusing on expanding their product portfolio and geographical reach. Leading Glass Fiber Reinforced Plastic Piping System Market players are also investing in research and development to improve the performance and efficiency of their products. The Glass Fiber Reinforced Plastic Piping System Market is expected to witness significant growth in the coming years, driven by the increasing demand for lightweight and corrosion-resistant piping systems in various industries. New product launches and collaborations are also expected to contribute to the growth of the Glass Fiber Reinforced Plastic Piping System Market. The Glass Fiber Reinforced Plastic Piping System Market is highly competitive, with several major players vying for market share. Some of the key competitive strategies adopted by players in the Glass Fiber Reinforced Plastic Piping System Market include product innovation, strategic partnerships, and geographical expansion.
Owens Corning is a leading manufacturer of glass fiber reinforced plastic (GFRP) piping systems. The company offers a wide range of GFRP piping products, including pipes, fittings, and valves. Owens Corning's GFRP piping systems are used in a variety of applications, including water and wastewater treatment, chemical processing, and oil and gas exploration. The company has a strong presence, with manufacturing facilities in North America, Europe, and Asia. Owens Corning is committed to providing its customers with high-quality GFRP piping systems that meet their specific needs.
Flowtite is a leading provider of fiberglass pipe and fittings for the water and wastewater industries. The company's products are used in a variety of applications, including water mains, sewer mains, and industrial piping. Flowtite is committed to providing its customers with high-quality products and services that meet their needs. The company has a strong presence, with manufacturing facilities in North America, Europe, and Asia. Flowtite is a subsidiary of Crane Co., a leading provider of fluid handling products and services.
Key Companies in the Glass Fiber Reinforced Plastic Piping System Market Include:
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Firestone Building Products
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Reichhold
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Ameron International Corporation
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L'Aquila Tubi Plastici S.p.A
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RIL Pipes Ltd.
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Flowtite Technology Ltd
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Xinyi Glass Fiber Reinforced Plastics Group Co., Ltd.
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Asahi Kasei Corporation
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Composite Pipe Solutions
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Hobas Group
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IPEX
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NUPI Industrial SA
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CanusaCPS
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Plasson Industries
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Lippert Components
Glass Fiber Reinforced Plastic Piping System Market Industry Developments
The Glass Fiber Reinforced Plastic Piping System Market is poised to grow significantly over the next ten years. The market is expected to reach a value of USD 22.3 billion by 2032, exhibiting a CAGR of 5.44% during the forecast period (2023-2032). This growth can be attributed to the increasing demand for lightweight and corrosion-resistant piping systems in various industries, including chemical processing, water and wastewater treatment, and oil and gas. Furthermore, the growing adoption of Glass Fiber Reinforced Plastic (GFRP) piping systems in the construction industry is also contributing to the market growth.
Recent developments in the market include the launch of new products and technologies by key players. For instance, in 2023, Flowtite, a leading manufacturer of GFRP piping systems, introduced a new range of high-performance pipes designed for demanding applications in the chemical processing industry. Such developments are expected to drive the growth of the Glass Fiber Reinforced Plastic Piping System Market in the coming years.
Glass Fiber Reinforced Plastic Piping System Market Segmentation Insights
Glass Fiber Reinforced Plastic Piping System Market Size Outlook
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DN 25 mm - DN 50 mm
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DN 50 mm - DN 100 mm
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DN 100 mm - DN 150 mm
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DN 150 mm - DN 200 mm
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DN 200 mm - DN 400 mm
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DN 400 mm - DN 800 mm
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DN 800 mm - DN 1200 mm
Glass Fiber Reinforced Plastic Piping System Market Type Outlook
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Flanges Type
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Socket Type
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Threaded Type
Glass Fiber Reinforced Plastic Piping System Market Application Outlook
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Industrial
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Infrastructure
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Municipal
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Oil and Gas
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Power Generation
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Transportation
Glass Fiber Reinforced Plastic Piping System Market Composition Outlook
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Glass Fiber Reinforced Polyester (GFRP)
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Glass Fiber Reinforced Epoxy (GFRE)
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Glass Fiber Reinforced Vinyl Ester (GFRVE)
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Hybrid Glass Fiber Reinforced Plastic
Glass Fiber Reinforced Plastic Piping System Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
13.13(USD Billion) |
| Market Size 2023 |
13.84(USD Billion) |
| Market Size 2032 |
22.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.44% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Firestone Building Products, Reichhold, Ameron International Corporation, L'Aquila Tubi Plastici S.p.A, RIL Pipes Ltd., Flowtite Technology Ltd, Xinyi Glass Fiber Reinforced Plastics Group Co., Ltd., Asahi Kasei Corporation, Composite Pipe Solutions, Hobas Group, IPEX, NUPI Industrial SA, CanusaCPS, Plasson Industries, Lippert Components |
| Segments Covered |
Size, Type, Application, Composition, Regional |
| Key Market Opportunities |
Growing Infrastructure Renewable Energy Oil amp Gas Chemical Processing Water amp Wastewater |
| Key Market Dynamics |
Increasing demand from chemical processing rising infrastructure investments growing adoption in oil amp gas stringent regulations technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Glass Fiber Reinforced Plastic Piping System Market is valued at USD 13.84 billion in 2023.
The Glass Fiber Reinforced Plastic Piping System Market is projected to grow at a CAGR of 5.44% from 2023 to 2032.
North America is expected to hold the largest market share in the Glass Fiber Reinforced Plastic Piping System Market in 2023.
The oil and gas segment are expected to drive the growth of the Glass Fiber Reinforced Plastic Piping System Market.
Some of the key competitors in the Glass Fiber Reinforced Plastic Piping System Market include Amiantit Europe, CANUSA-CPS, Future Pipe Industries, Hobas, and IPEX.
The growing demand for lightweight and corrosion-resistant piping systems is driving the growth of the Glass Fiber Reinforced Plastic Piping System Market.
The high cost of raw materials is a major challenge faced by the Glass Fiber Reinforced Plastic Piping System Market.
The increasing demand for GRP piping systems in developing countries presents a significant opportunity for growth in the Glass Fiber Reinforced Plastic Piping System Market.
The trend towards the use of GRP piping systems in a wider range of applications is a key trend in the Glass Fiber Reinforced Plastic Piping System Market.
The Glass Fiber Reinforced Plastic Piping System Market is estimated to reach USD 22.3 billion by 2032.
